Leases

6 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

Leases

The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to ten years. As of December 31, 2021, the weighted average remaining lease term and weighted average discount rate for operating leases was 8.55 years and 3.30%, respectively.

For the three months ended December 31, 2021 and 2020, operating lease expense was $0.8 million and $0.8 million, respectively. For the six months ended December 31, 2021 and 2020, operating lease expense was $1.6 million and $2.0 million, respectively.

Supplemental cash flow information related to operating leases was as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Operating cash outflows from operating leases	$	524	$	776	$	1,054	$	1,392
Right-of-use assets obtained in exchange for lease obligations	$	—	$	—	$	—	$	14,682

Maturity of lease liabilities at December 31, 2021 are as follows (in thousands):

Year ended June 30,	Amount
2022 (remaining six months ending June 30, 2022)	$	1,614
2023	3,263
2024	2,020
2025	1,606
2026	1,646
Thereafter	9,810
Total	19,959
Less: imputed interest	(2,637)
Present value of lease liabilities	$	17,322